Technical Research & Forecast for June 16, 2023 – R Weblog

Brent Poised for Prolonged Expansion, EUR, GBP, JPY, CHF, AUD, Gold, and S&P 500 Index Evaluation

EUR/USD – Euro vs US Buck

EUR/USD - Euro vs US Dollar

The EUR/USD pair failed to damage underneath the 1.0800 stage and located enhance, starting up a brand new wave of expansion in opposition to 1.0990. Nowadays, a possible upward thrust to at least one.0960 is most probably, adopted by way of a decline to at least one.0900. Therefore, an building up to at least one.1000 is expected, probably proceeding the upward development to at least one.1000.

GBP/USD – Nice Britain Pound vs US Buck

GBP/USD - Great Britain Pound vs US Dollar

The GBP/USD pair discovered enhance at 1.2630 and would possibly upward thrust in opposition to 1.2826. A correction to at least one.2711 is conceivable ahead of an additional building up to at least one.2935.

USD/JPY – US Buck vs Eastern Yen

USD/JPY - US Dollar vs Japanese Yen

After a correction to 139.88, the USD/JPY pair is forming a brand new upward construction, focused on 141.77. As soon as this stage is reached, a corrective segment to 140.40 would possibly happen, adopted by way of a upward thrust to 142.00.

USD/CHF – US Buck vs Swiss Franc

USD/CHF - US Dollar vs Swiss Franc

Having finished a downward wave to 0.8922, the USD/CHF pair is recently consolidating underneath this stage. There’s a chance of a downward breakout, extending the decline to 0.8877, adopted by way of an upward transfer to 0.9090.

AUD/USD – Australian Buck vs US Buck

AUD/USD - Australian Dollar vs US Dollar

The AUD/USD pair has skilled a expansion segment in opposition to 0.6888. A correction to 0.6840 is conceivable ahead of some other upward wave develops in opposition to 0.6922.



Brent crude has finished a correction to 72.85 and is recently proceeding its ascent in opposition to 76.10. After attaining this stage, a consolidation vary would possibly shape. A breakout above the variability may just open up the possibility of additional expansion to 79.22, with a next building up to 80.50 because the preliminary goal.

XAU/USD – Gold vs US Buck

XAU/USD - Gold vs US Dollar

Gold has finished a downward wave to 1924.50, adopted by way of a correction in opposition to 1960.00. The marketplace is recently in a consolidation segment round this stage. A downward breakout may just result in additional decline in opposition to 1921.10. Conversely, an upward breakout may just power the associated fee in opposition to 1974.10, adopted by way of a drop to 1921.00.

S&P 500

S&P 500

The S&P 500 index is continuous its upward wave in opposition to 4460.0. As soon as this stage is reached, a downward correction to 4340.0 would possibly ensue, serving as the primary goal.

Subject matter is ready by way of

Has been in the Forex market since 2000. In 2005, designed his personal buying and selling gadget referred to as Further. He has been a state writer of articles on tech research for RoboForex purchasers for the closing 10 12 months.


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